Pneuride in administration: Interpath appointed, around 55 jobs lost

The company, incorporated in July 2007, employed 55 people. It had suffered a prolonged period of soft trading, with mounting pressure on cash flow and margins. Most staff have been made redundant, while a few remain to assist with the wind down.

Directors had explored a solvent solution, including marketing the business for sale, but no viable offers or investment emerged. Interpath is inviting expressions of interest in the business and assets.